1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s2008m [1.1K]
3 years ago
7

In 1959, a limited partnership (Pacific International Fisheries) was formed. Nelson was the general partner, and Lieberman and M

. and I. Winkleman were limited partners. The primary purchase of the partnership was a ship called the Jamene On May 1, 1959 the Jamene was destroyed by an explosion and fire initiated by Nelson. Lieberman and M. Winkleman sued the insurer (Atlantic Mutual Ins. Co.) to recover their loss.Are Lieberman and Winkleman entitled to payment?
Business
1 answer:
Mariulka [41]3 years ago
7 0

Answer:

No. Lieberman and Winkleman aren't entitled to recover anything from insurer.

Explanation:

Lieberman and Winkleman being limited partners can't sue on the behalf of the company because they aren't considered by law a proper party that has the power to institute a sue. Ship was purchased by the company to which General partner has all the power, and for the recovery of damages of ship, only Nelson can institute a lawsuit as him being a general manager. Since lieberman and winkleman have limited partnership interest they can't sue insurer(Atlantic mutual ins. Co.).

You might be interested in
Regarding the effects of coaching on standardized test scores, which of the following statements is most representative of curre
Alenkasestr [34]

The correct answer is choice a, coaching can lead to 100-point gains if the quality of coaching is high.

Current research has been published by the College Board indicating that students using a high quality coaching program can increase their standardized test scores by over 100 points.

8 0
3 years ago
What isthis one pls help
Nataliya [291]
Small number is three and large number is four
3 0
3 years ago
Read 2 more answers
Feeling "He who does the work of the King ought to be King," Pope Zacharias helped whom become King of the Franks in 751?
Gnom [1K]

Answer:

(C) Pepin The Short

Explanation:

In 741AD, Pepin took over from his father as Mayor of the Palace. He ruled alongside his elder brother.

In 743AD, Pepin and his brother chose Childeric to be the <em>apparent</em> King of the Franks. Both brothers still wielded the functional power to the throne. Childeric was just to 'appear to be' the King (unknown to him though).

In 747AD, Pepin's brother stepped down (intentionally and on his own accord). Pepin then became the only ruler of the entire Frankish territory.

In 751AD, Pepin, without full support from his clan, lured Childeric into monastery in order to remove him as the 'face of Francia'.

Pope Zacharias helped Pepin to be proclaimed King of the Franks, against all opposition.

3 0
3 years ago
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
Ivanshal [37]

Answer:

The correct answer is option (b).

Explanation:

According to the scenario, computation of the given data are as follows:

first we calculate the predetermined OH, then

Predetermined OH rate = Estimated Manufacturing OH Cost ÷ Estimated Direct Labor Hours

= $451,140 ÷ 61,800

= 7.3

So, Applied MOH = 60,500 × 7.3 = $441,650

So, Underapplied OH = Actual MOH - Applied MOH

= $532,000 - $441,650

= $90,350 (under applied)

6 0
3 years ago
The dollar has appreciated against the currencies of many of the U.S.'s top trading partners. What outcome could this fall in fo
fenix001 [56]

Answer: Aggregate demand would shift to the left due to a decrease in US exports.

Explanation When the dollar appreciated against foreign currencies, U.S. goods and services become relatively more expensive, reducing exports and boosting imports in the United States. Such a reduction in net exports reduces aggregate demand.

6 0
4 years ago
Read 2 more answers
Other questions:
  • When solving the anagram losogcyhyp, humans place letters next to each other based on their knowledge of the english language. t
    11·1 answer
  • Sales for boxes of Girl Scout cookies over a 4-month period were forecasted as follows: 100, 120, 115, and 123. The actual resul
    14·2 answers
  • A city government imposes a proportional income tax on all people who earn income within its city limits. In​ 2004, the​ city's
    14·1 answer
  • Cole is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the ca
    5·1 answer
  • Building piles of documents is an efficient way to organize.<br><br> True or False
    15·1 answer
  • Which of the following is not a business transaction? Question 6 options: Erin deposits $15,000 in a bank account in the name of
    12·1 answer
  • Lisa is the CEO of a corporation. As such, she is authorized to make daily operating decisions for
    9·1 answer
  • Country Alpha has 15 thousand acres of land and 45 thousand laborers, whereas Country Beta has 100 thousand acres of land and 20
    15·1 answer
  • How might the government regulations affect a small family restaurant
    13·1 answer
  • If a firm can raise market price by reducing its output, then:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!